This month’s book feature “Capital Budgeting Valuation: Financial Analysis for Today’s Investment Projects (Robert W. Kolb Series)
” by H. Kent Baker and Philip English, addresses an issue that is very relevant to businesses today. With challenging economic times, it is critical that companies spend the energy needed to really evaluate capital expenditures to ensure that they are creating value.
From the book description:
With the collapse of the economy and financial systems, many companies are reevaluating the projects on which they are willing to invest. Project valuation is key to both cost effectiveness measures and shareholder value.
“Capital Budgeting and Valuation ‒ Financial Analysis for Today’s Investment Projects”, which was published in 2011, offers an essential guide to valuation techniques and financial analysis. The purpose of this book is to provide a comprehensive examination of critical capital budgeting topics. Coverage extends from discussing basic concepts, principles, and techniques to their application to increasingly complex, real-world situations. Throughout, the book emphasizes how financially sound capital budgeting facilitates the process of value creation and discusses why various theories make sense and how firms can use them to solve problems and create wealth.
• Offers a strategic focus on the application of various techniques and approaches related to a firm’s overall strategy
• Provides coverage of international topics based on the premise that managers should view business from a global perspective
• Emphasizes the importance of using real options
Comprised of contributed chapters from both experienced professionals and academics, Capital Budgeting Valuation offers a variety of perspectives and a rich interplay of ideas related to this important financial discipline.
We invite you to read along with us this month and share your thoughts about this book in the comments below. And if you don’t already own a copy, purchase a copy of “Capital Budgeting Valuation” from the SCM bookstore and a portion of the proceeds go to helping SCM continue to build our community.
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